Deloitte & Touche LLP : SCANA Corporation Securities Litigation

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Lawsuit Overview

Defendant:Scana Corporation
Date Filed:November 22nd, 2019
Industry:Power Generation
Class Start Date:February 26th, 2016
Class End Date:December 20th, 2017

According to the Complaint, Deloitte & Touche LLP is the leading auditor of financial statements for the investor-owned electric utility industry in the United States. Deloitte has served as the auditors of SCANA Corporation since 1945.

The Complaint alleges that Deloitte issued unqualified audit reports on SCANA and SCE&G's financial statements for the years ending December 31, 2014, December 31, 2015, December 31, 2016 and December 31, 2017, certifying that it had audited those statements in accordance with the standards of the Public Company Accounting Oversight Board for the United States ("PCAOB") and that the statements presented the financial position of SCANA and SCE&G fairly and in conformity with Generally Accepted Accounting Principles ("GAAP").

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First Identified Complaint

Samuel R Floyd, III, et al. v. Deloitte & Touche LLP, et al.

Date Filed:November 22nd, 2019
Class Period Start:February 26th, 2016
Class Period End:December 20th, 2017
First Identified Complaint Filings
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